Should I wait to have these items done before signing the contract (could take weeks) to give time for home inspector to inspect the property (and risk another buyer over bidding me), or just sign the contract and have the home inspector come when everything is done?  

My point is that focus, hard work, integrity, dogged determination, and results will bring you success.

Currently we have a property with a lease signed for November 1st and have just purchased our next BRRR property.

Your basis determines gain.

If the lender determines that a transfer was made, they have the right to call your loan due.

Leverage their knowledge to determine if you could afford this property if you sold your existing rentals (that likely are cash flow negative as a set). 

(my post is based off the assumption of you knowing how to analyze a deal to see if it's a good one or not) The first move is to determine if you want to be hands on and actively managing a deal and the day to day of it or do you want to passively invest in someone else's bigger deal? 

To be exact, you need a broker on record and that broker needs to approve many transactions including signing the lease.

From that I determined that debt to income ratio of 2.61 that is my every dollar of expense I had 2.61 dollars coming in to service that expense.

My plan is to have the entire process worked out, so all the seller has to do is sign on the dotted line.